Drake University is a private institution founded in 1881 by a preacher as a co-educational institute and open to all races. Admissions are rated as “more selective” and the school is listed at #3 in Regional Universities Midwest by U.S. News & World Report. There are many student organizations for undergraduates to join including minority groups such as the LGBT support group Rainbow Union, the Coalition of Black Students, and La Fuerza Latina. Marketing, actuarial science, and accounting are favored majors for undergraduate students.